Common use of Indebtedness of Restricted Subsidiaries Clause in Contracts

Indebtedness of Restricted Subsidiaries. The Tenant shall not permit any Restricted Subsidiary of Tenant at any time to create, assume, incur, guarantee or otherwise become liable, directly or indirectly, for any Indebtedness, except: (a) Indebtedness owed to the Tenant or to any Wholly-Owned Restricted Subsidiary of Tenant; and (b) Subject to compliance with Section 10.4(c), Indebtedness which, when added to aggregate outstanding Indebtedness incurred pursuant to Section 10.7(j), shall not at any time exceed 25% of Consolidated Net Capital determined as of the end of the Tenant's most recently ended fiscal quarter.

Indebtedness of Restricted Subsidiaries. The Tenant shall not permit any Restricted Subsidiary of Tenant at any time to create, assume, incur, guarantee or otherwise become liable, directly or indirectly, for any Indebtedness, except: (a) Indebtedness owed to the Tenant or to any Wholly-Owned Restricted Subsidiary of Tenant; and (b) Subject to compliance with Section 10.4(c), Indebtedness which, when added to aggregate outstanding Indebtedness incurred pursuant to Section 10.7(j10.70), shall not at any time exceed 25% of Consolidated Net Capital determined as of the end of the Tenant's most recently ended fiscal quarter.